Town Centre Securities (TOWN)

Company name:	Town Centre Securities Plc
EPIC:	TOWN	Trading Currency:	GBX
Market Sector:	ON15	ISIN:	GB0003062816
Market Segment:	SET3	Share Type:	DE
WWW Address:	http://tcs-plc.co.uk/financials	Description:	ORD 25P
Industry Sector:	REAL ESTATE INVESTMENT TRUSTS

Price	Price Change [%]	Bid	Offer	Open	High	Low	Volume
133.50	1.0 [0.75]	128.00	139.00	128.00	133.00	128.00	237
Market Cap. [m]	Shares In Issue [m]	Beta	EPS	DPS	PE Ratio	Yield	52-Wks-Range
70.97	53.16	0.12	-1.10	3.50	-	2.62	170.00 - 119.50

Town Centre Securities Key Figures

(at previous day's close)
Market Cap.	70.97	m
Shares In Issue	53.16	m
Prev. Close	132.50
PE Ratio	-
Dividend Yield	2.62	%
EPS - basic	-1.10	p
Dividend PS	3.50	p
Dividend Cover	-
Cash Flow PS	-4.28	p
Return On Equity (ROE)	-0.37	%
Operating Margin	-3.08	%
PEG Factor	-
EPS Growth Rate	97.58	%
Dividends PS Growth Rate	-30.00	%
Net Debt	187.03	m
Gross Gearing	57.32	%
Quick Assets	30.83	m
Net Working Capital	-44.04	m
Intangibles / Fixed Assets	1.45	%
Turnover PS	35.18	p
Pre-Tax Profit PS	-1.08	p
Retained Profit PS	-1.08	p
Cash PS	40.76	p
Net Cash PS	-100.08	p
Net Tangible Asset Value PS *	283.20	p
Net Asset Value PS	292.00	p
Spread	11.00 (7.91%)
* Calculation based on Ordinary Capital figure as contained in last annual report, and the most recent shares in issue figure. Therefore the ratio might be exposed to inaccuracies.

Town Centre Securities Balance Sheet

Share Price Performance

Sample Period ^†	High	Low
1 week	135.00	128.00
4 weeks	150.00	128.00
12 weeks	155.00	128.00
1 year	170.00	119.50

Share Price Chart (5 years)

Town Centre Securities Historic Returns

Period ^†	Open	Change	%	Open Avg.	Avg. Daily Vol [m]	Total Vol [m]	VWAP
1 week	132.00	1.50	1.14	128.00	0.01		132.83
4 weeks	150.00	-16.50	-11.00	128.00	0.01		139.66
12 weeks	151.50	-18.00	-11.88	128.00	0.01		146.89
26 weeks	137.00	-3.50	-2.55	128.00	0.02		154.32
1 year	138.50	-5.00	-3.61	119.50	0.02		144.76
3 years	204.00	-70.50	-34.56	80.50	0.02		137.03
5 years	290.00	-156.50	-53.97	80.50	0.02		172.68
† periods calculated are whole weeks rather than calendar months

Town Centre Securities Key Management Ratios

Town Centre Securities Investment Ratios

(Market value analysis) at previous day's close
PQ Ratio	-
PE Ratio	-
Tobin's Q Ratio	0.19
Tobin's Q Ratio (excl. intangibles)	0.19
Dividend Yield	2.62	%
Market-to-Book Ratio	0.46
Price-to-Pre-Tax Profit PS	-123.21
Price-to-Retained Profit PS	-123.21
Price-to-Cash Flow PS	-31.18
Price-to-Sales PS	3.79
Price-to-Net Tangible Asset Value PS	0.47
Price-to-Cash PS	3.28
Net Working Capital PS	-82.84
Price Pct to Working Capital PS	-1.61	%
Earnings Yield	-	%
Average PE	15.34
Years in average	2
PE to PE average	-	%

Town Centre Securities Financial Ratios

(Leverage Ratios)
Debt Ratio	46.27	%
Debt-to-Equity Ratio	0.86
Debt-to-Equity Ratio (excl. Intgbl)	0.89
Debt-to-Equity Market Value	1.89
Net Gearing	51.37	%
Net Gearing (excl. Intangibles)	52.06	%
Gross Gearing	57.32	%
Gross Gearing (excl. Intangibles)	58.09	%
Gearing Under 1 Year	20.56	%
Gearing Under 1 Year (excl. Intgbl)	20.84	%
Assets/Equity	2.34
Cash/Equity	13.95
(Liquidity Ratios)
Net Working Capital to Total Assets	-12.10	%
Current Ratio	0.41
Quick Ratio (Acid Test)	0.41
Liquidity Ratio	0.29
Cash & Equiv/Current Assets	70.29	%
(Solvency Ratios)
Enterprise Value	183.13	m
CFO/Sales	-0.12
CFO/Attributable Profit	-
CFO/Assets	-0.01
CFO/Debt	-0.01
Total Debt/Equity Market Value	2.94
Total Debt/Sales	11.16
Total Debt/Pre-Tax Profit	-362.33
Total Debt	208.70	m
Total Debt/Net Current Assets	-4.74	%
(Dodds - Graham Ratios)
3 yr Compound Earnings Growth	-63.91	%
5 yr Compound Earnings Growth	-	%
10 yr Compound Earnings Growth	-17.89	%
Earn drops > 5% in 10yrs	14

Beta (60-Mnth)	Beta (36-Mnth)
0.1230	0.0647

Town Centre Securities Operating Ratios

(Profitability Ratios)
Return On Capital Employed (ROCE)	-0.20	%
Return On Assets (ROA)	-0.15	%
Net Profit Margin	-3.08	%
Assets Turnover	0.05
Return On Equity (ROE)	-0.37	%
Return On Investment (ROI)	-0.19	%
Dividend Payout Ratio	-	%
Plowback Ratio	100.00	%
Growth from Plowback Ratio	-	%
Net Income Of Revenues	-3.08	%
(Asset Utilisation Multiples)
Shareholders Equity Turnover	0.12
Fixed Assets Turnover	0.05
Current Assets Turnover	0.53
Net Working Capital Turnover
Inventory Turnover	-
(Other Operating Ratios)
Total Assets-to-Sales	20.31
Debtors-to-Sales	23.47	%
Debt Collection Period	85.66	Days

Town Centre Securities Dividends

Announcement Date	Type	Curr.	Dividend Amount	Period Start	Period End	Ex Date	Record Date	Payment Date	Total Dividend Amount
16 Mar 2022	Interim	GBX	1.75	30/06/2021	30/06/2022	19/05/2022	20/05/2022	24/06/2022	-
30 Nov 2021	Final	GBX	1.75	30/06/2020	30/06/2021	30/12/2021	31/12/2021	21/01/2022	3.50
24 Feb 2021	Interim	GBX	1.75	30/06/2020	30/06/2021	27/05/2021	28/05/2021	25/06/2021	-
22 Sep 2020	Final	GBX	1.75	30/06/2019	30/06/2020	03/12/2020	04/12/2020	05/01/2021	5.00
26 Feb 2020	Interim	GBX	3.25	30/06/2019	30/06/2020	28/05/2020	29/05/2020	26/06/2020	-
24 Sep 2019	Final	GBX	8.50	30/06/2018	30/06/2019	05/09/2019	06/12/2019	07/01/2020	12.00
26 Feb 2019	Interim	GBX	3.25	30/06/2018	30/06/2019	23/05/2019	24/05/2019	21/06/2019	-
26 Sep 2018	Final	GBX	8.50	30/06/2017	30/06/2018	06/12/2018	07/12/2018	04/01/2019	11.75
26 Feb 2018	Interim	GBX	3.25	30/06/2017	30/06/2018	24/05/2018	25/05/2018	22/06/2018	-
13 Sep 2017	Final	GBX	8.25	30/06/2016	30/06/2017	07/12/2017	08/12/2017	04/01/2018	11.50
23 Feb 2017	Interim	GBX	3.25	30/06/2016	30/06/2017	25/05/2017	26/05/2017	23/06/2017	-
14 Sep 2016	Final	GBX	7.90	30/06/2015	30/06/2016	01/12/2016	02/12/2016	04/01/2017	11.00
24 Feb 2016	Interim	GBX	3.10	30/06/2015	30/06/2016	26/05/2016	27/05/2016	24/06/2016	-
17 Sep 2015	Final	GBX	7.34	30/06/2014	30/06/2015	03/12/2015	04/12/2015	05/01/2016	10.44
24 Feb 2015	Interim	GBX	3.10	30/06/2014	30/06/2015	28/05/2015	29/05/2015	26/06/2015	-
17 Sep 2014	Final	GBX	7.34	30/06/2013	30/06/2014	03/12/2014	05/12/2014	06/01/2015	10.44
12 Feb 2014	Interim	GBX	3.10	30/06/2013	30/06/2014	28/05/2014	30/05/2014	27/06/2014	-
18 Sep 2013	Final	GBX	7.34	30/06/2012	30/06/2013	04/12/2013	06/12/2013	06/01/2014	10.44
13 Feb 2013	Interim	GBX	3.10	30/06/2012	30/06/2013	29/05/2013	31/05/2013	28/06/2013	-
11 Sep 2012	Final	GBX	7.34	30/06/2011	30/06/2012	06/03/2013	08/03/2013	08/04/2013	10.44
15 Feb 2012	Interim	GBX	3.10	30/06/2011	30/06/2012	30/05/2012	01/06/2012	28/06/2012	-
13 Sep 2011	Final	GBX	7.34	30/06/2010	30/06/2011	07/12/2011	09/12/2011	04/01/2012	10.44
17 Feb 2011	Interim	GBX	3.10	30/06/2010	30/06/2011	01/06/2011	03/06/2011	30/06/2011	-
14 Sep 2010	Final	GBX	7.34	30/06/2009	30/06/2010	08/12/2010	10/12/2010	05/01/2011	10.36
24 Feb 2010	Interim	GBX	3.02	30/06/2009	30/06/2010	03/03/2010	05/03/2010	25/03/2010	-
09 Sep 2009	Final	GBX	5.40	30/12/2008	30/06/2009	02/12/2009	04/12/2009	04/01/2010	8.15
29 Feb 2008	Interim	GBX	2.75	01/07/2007	31/12/2007	28/05/2008	30/05/2008	30/06/2008	-
08 Mar 2007	Interim	GBX	2.10	01/07/2006	31/12/2006	30/05/2007	01/06/2007	29/06/2007	-
08 Mar 2007	Special	GBX	20.00	01/07/2006	31/12/2006	04/04/2007	10/04/2007	01/05/2007	-
06 Sep 2006	Final	GBX	5.20	30/06/2005	30/06/2006	29/11/2006	01/12/2006	02/01/2007	7.20
09 Mar 2006	Interim	GBX	2.00	01/07/2005	31/12/2005	31/05/2006	02/06/2006	30/06/2006	-
09 Sep 2005	Final	GBX	4.30	30/06/2004	30/06/2005	30/11/2005	02/12/2005	03/01/2006	6.20
02 Mar 2005	Interim	GBX	1.90	01/07/2004	31/12/2004	01/06/2005	03/06/2005	30/06/2005	-
09 Sep 2004	Final	GBX	4.10	30/06/2003	30/06/2004	01/12/2004	03/12/2004	04/01/2005	5.90
08 Mar 2004	Interim	GBX	1.80	01/07/2003	31/12/2003	02/06/2004	04/06/2004	30/06/2004	-
11 Sep 2003	Final	GBX	3.85	30/06/2002	30/06/2003	03/12/2003	05/12/2003	05/01/2004	5.50
12 Mar 2003	Interim	GBX	1.65	01/07/2002	31/12/2002	04/06/2003	06/06/2003	30/06/2003	-
19 Sep 2002	Final	GBX	3.50	30/06/2001	30/06/2002	04/12/2002	06/12/2002	03/01/2003	5.00
06 Mar 2002	Interim	GBX	1.50	01/07/2001	31/12/2001	05/06/2002	07/06/2002	28/06/2002	-
04 Oct 2001	Final	GBX	3.40	30/06/2000	30/06/2001	28/11/2001	30/11/2001	02/01/2002	4.75
19 Mar 2001	Interim	GBX	1.35	01/07/2000	31/12/2000	06/06/2001	08/06/2001	29/06/2001	-
11 Oct 2000	Final	GBX	3.15	30/06/1999	30/06/2000	27/11/2000	01/12/2000	02/01/2001	4.50
08 Mar 2000	Interim	GBX	1.35	01/07/1999	31/12/1999	05/06/2000	09/06/2000	30/06/2000	-
13 Oct 1999	Final	GBX	3.00	30/06/1998	30/06/1999	22/11/1999	26/11/1999	04/01/2000	4.30
18 Mar 1999	Interim	GBX	1.30	01/07/1998	31/12/1998	01/06/1999	07/06/1999	30/06/1999	-
15 Oct 1998	Final	GBX	2.85	30/06/1997	30/06/1998	23/11/1998	27/11/1998	02/01/1999	4.05

Town Centre Securities Fundamentals

	30 Jun 2018 (GBP)		30 Jun 2019 (GBP)		30 Jun 2020 (GBP)		30 Jun 2021 (GBP)
turnover	30.18	100.00%	31.19	100.00%	27.99	100.00%	18.70	100.00%	m
pre tax profit	18.38	60.89%	-12.47	-39.98%	-24.16	-86.33%	-0.58	-3.08%	m
attributable profit	18.38	60.89%	-12.47	-39.98%	-24.16	-86.33%	-0.58	-3.08%	m
retained profit	12.26	40.63%	-12.47	-39.98%	-24.16	-86.33%	-0.58	-3.08%	m
eps - basic (p)	34.60		-23.40		-45.50		-1.10
eps - diluted (p)	34.60		-23.40		-45.50		-1.10
dividends per share	11.75		12.00		5.00		3.50

Town Centre Securities Balance Sheet

	30 Jun 2018 (GBP)		30 Jun 2019 (GBP)		30 Jun 2020 (GBP)		30 Jun 2021 (GBP)


	30 Jun 2018 (GBP)		30 Jun 2019 (GBP)		30 Jun 2020 (GBP)		30 Jun 2021 (GBP)
ASSETS
fixed assets	24.97	5.91%	25.80	6.37%	51.27	12.97%	0.96	0.26%	m
intangibles	4.02	0.95%	4.02	0.99%	4.02	1.02%	4.84	1.33%	m
fixed investments	381.71	90.35%	346.27	85.47%	300.83	76.08%	327.47	89.94%	m
current assets - other	-	-%	-	-%	23.20	5.87%	3.85	1.06%	m
stocks	-	-%	-	-%	-	-%	-	-%	m
debtors	6.29	1.49%	5.35	1.32%	3.47	0.88%	5.31	1.46%	m
cash & securities	5.47	1.30%	23.69	5.85%	12.64	3.20%	21.67	5.95%	m

TOTAL	422.46	100%	405.14	100%	395.43	100%	364.10	100%	m

LIABILITIES
creditors - short	20.28	4.80%	34.74	8.57%	85.37	21.59%	74.87	20.56%	m
creditors - long	198.06	46.88%	182.15	44.96%	154.59	39.09%	133.83	36.76%	m
creditors - other	-	-%	-	-%	-	-%	-	-%	m
subordinated loans	-	-%	-	-%	-	-%	-	-%	m
insurance funds	-	-%	-	-%	-	-%	-	-%	m

TOTAL	218.33	51.68%	216.89	53.53%	239.96	60.68%	208.70	57.32%	m

EQUITY
ord cap, reserves	204.12	48.32%	188.25	46.47%	155.48	39.32%	155.40	42.68%	m
prefs, minorities	-	-%	-	-%	-	-%	-	-%	m

TOTAL	204.12	48.32%	188.25	46.47%	155.48	39.32%	155.40	42.68%	m

OTHER
NAV Basic	384.00		354.00		292.00		292.00
NAV Diluted	384.00		354.00		292.00		292.00

Town Centre Securities Cash Flow Statement

	30 Jun 2018 (GBP)	30 Jun 2019 (GBP)	30 Jun 2020 (GBP)	30 Jun 2021 (GBP)
Operating CF	6.64	3.41	6.79	-2.28	m
Pre-Financing CF	2.67	17.24	2.05	41.81	m
Retained CF	2.35	-5.26	2.15	-1.80	m

Town Centre Securities Brokers

Broker infomation is not available for this class of stock.